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Stock impact report

Kaspi.kz 1Q 2024 Financial Results

Joint Stock Company Kaspi.kz (KSPI) 
Company Research Source: GlobeNewswire
ALMATY, Kazakhstan, April 22, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”, “we”, or the “Company”) (Nasdaq: KSPI) which operates the Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants, today publishes its unaudited consolidated IFRS financial results for the quarter ended 31 March 2024 (“1Q 2024”). 1Q 2024 Highlights Strong start to 2024 with first quarter revenue and net income up 40% and 28% year-over-year (“YoY”), respectively.Our faster growing and more profitable Payments and Marketplace Platforms together accounted for 68% of consolidated net income, up from 60% in 1Q 2023.All Platforms continued to deliver strong top-line growth in the first quarter of 2024. Once again, Marketplace was our fastest growing platform with GMV and revenue up 62% and 108% YoY respectively: Revenue from delivery, advertising and classifieds value added services added 160bps to Marketplace Take-Rate, which reached 9.5%.Marketplace net income in 1Q 2024 up Show less Read more
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